Lawrence's Comment
Recap
Consolidation above former weekly resistance level. 100% absolute range bounded the moves. Closed the week above Y-0 and midpoint.
Outlook
Weekly level bull flag is now in place. A ...
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USDJPY Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Simply stuck since open of the week. Late rally in end of week tried to push itself above the weekly close prior to the crisis week and failed.
Outlook
If B-1 fails to act as support, Y-0 will be tested quickly.
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